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In The News

Archive for the ‘In The News’ Category

BOLOUR Funds $3 Million Refinance on Industrial Portfolio

Refinance out of Probate Santa Fe Springs and Paramount City, CA BOLOUR recently funded a $3 million bridge loan with an interest reserve on two industrial buildings. Borrower needed to refinance a defaulted loan to avoid foreclosure. Despite complicated title issues in Probate, BOLOUR refinanced the property within a short closing time frame.

BOLOUR Brings Development Expertise to $8.5M Funding

Santa Monica Pier Santa Monica, CA BOLOUR provided an $8.35M non-recourse loan for a local developer to acquire and entitle a mixed-use residential – commercial property. BOLOUR provided the borrower with a two-year loan term to secure approvals from the City of Santa Monica, where entitlements are highly challenging. BOLOUR utilized its extensive network and …

Linkage Fees: Boon? Or Trouble?

Linkage Fees: A Poor Solution for L.A.’s Housing Crisis LOS ANGELES, CA In 2015, in an effort to mitigate a lack of affordable housing, Los Angeles Mayor Eric Garcetti put into place an ordinance known as the Affordable Housing Linkage Fee. The City Council is expected to pass the ordinance in November 2017. By the …

In Plain Sight, Yet Hidden: The Rise of Frogtown

Welcome to Frogtown If you walk into the neighborhood bounded by Interstates 2 and 5 and the Los Angeles River, you’ll see charming restaurants, hip artists’ spaces and pedestrians wearing trendy fashions. Welcome to Frogtown, a 2.5-mile long locale in central Los Angeles that was once home to blue-collar workers and . . . frogs. …

Connecting Measure M and CRE Development

Measure M’s passage in November 2016 is welcome news for Angelenos tired of relying on crowded freeways and pot-hole-ridden roads to get around. Measure M’s passage should also be a welcome opportunity for commercial real estate developers. As L.A. roads become more congested, people will seek out alternate methods to get from point A to …

BOLOUR Funds Land Loan in Transitional Industrial Neighborhood

Bridging the Gap for Single-Story Office Building and Vacant Land Project The developer of a mixed-use project renovation and ground-up construction in a transitional industrial neighborhood of downtown Phoenix needed more time and money to complete entitlements before securing construction financing. BOLOUR refinanced a maturing bridge loan and provided additional proceeds to cover entitlement costs. …